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Motor vehicle service contract scams, also known as extended auto warranty scams, aim to deceive you into purchasing a worthless contract. These contracts often come with terms that make it ...
The product may be real, but there are several things to consider before buying an extended warranty. Also, you want to avoid doing business with a company that resorts to misleading sales techniques.
An extended warranty, sometimes called a service agreement, a service contract, or a maintenance agreement, is a prolonged warranty offered to consumers in addition to the standard warranty on new items. The extended warranty may be offered by the warranty administrator, the retailer or the manufacturer. Extended warranties cost extra and for a ...
Extended warranties are everywhere. It seems like every retailer is offering them now, even for purchases as small as a $30 toaster oven. And according to research done by Protect Your Bubble, a ...
The scope and duration of automotive warranties can vary significantly, but they generally cover areas such as: bumper-to-bumper warranty, powertrain warranty, corrosion warranty, emissions warranty and others. [2] There is also an "extended car Warranty" also known as a "service contract" which is purchased separately.
The Magnuson–Moss Warranty Act (P.L. 93-637) is a United States federal law (15 U.S.C. § 2301 et seq.). Enacted in 1975, the federal statute governs warranties on consumer products. The law does not require any product to have a warranty (it may be sold "as is"), but if it does have a warranty, the warranty must comply with this law.
Being a fixed-price product, an extended warranty limits the risk of a surprisingly big repair bill. Under a warranty, repair is the warrantor's responsibility, so a customer needn't find his or ...
The group's activities focus on raising awareness in four areas: counterfeiting; digital IP protection; service and warranty abuse; and the gray market. [1] [12] Service abuse is the unauthorized use of services and support, and warranty abuse occurs when a partner provides service on out of warranty products.